HomeBusiness DigestInnscor share prices tumbles after Simbisa debut

Innscor share prices tumbles after Simbisa debut

THE Zimbabwe Stock Exchange opened the week 1,51% lower to 127,49 points dragged down by losses in heavyweights Innscor, National Foods and Seedco despite marginal gains in Econet.

Innscor, the second largest counter on the bourse by market capitalisation lost 14,6% of its share value to US$0,51 following Friday’s debut of its quick service restaurant business, Simbisa. Seedco was 0,77% to US$0,97.

On the upside, Econet was the only counter to trade in positive territory, gaining o,4% at close of trades.
The value of shares which exchanged hands stood at just over US$1 million from 39 trades.

The mining index was flat on 22,33 points, reflecting little activity on the bourse.-Staff Writer

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